HOT seems to have finished the ABC correction of wave 4 and starting subwave 1 of wave 5 here. surely all depends on BTC to hold above previous low and HOT to to hold above previous low as well...
My reasoning behind this is that the correction has been deeper than the 0.786 fib level and that it has managed to not form a lower low during the last BTC dip. the correction on HOT is longer than most other coins that could still be forming wave B of the correction...
would wait for a pullback before longing here, because SL would have to be placed below swing low
My reasoning behind this is that the correction has been deeper than the 0.786 fib level and that it has managed to not form a lower low during the last BTC dip. the correction on HOT is longer than most other coins that could still be forming wave B of the correction...
would wait for a pullback before longing here, because SL would have to be placed below swing low
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